African Development Partners III (Africa Regional) (DFC-AFRICANDEVELOPMENTP)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
African Development Partners III LP
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 800.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 4, 2019

Disclosed by Bank May 23, 2018


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Project Description

According to the Agency's document, this project provides financing to the borrower to be invested in growing, cash flow-positive businesses across Africa that operate in consumer-focused sectors that will benefit most from the continent's growing middle class. Sectors of focus include consumer goods and services, financial services, education, healthcare and agribusiness.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • African Development Partners III LP -- Financial Intermediary
Contact Information

No contact information available at time of writing.